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Business Statistics, 3rd Edition
book

Business Statistics, 3rd Edition

by Naval Bajpai
April 2024
Intermediate to advanced content levelIntermediate to advanced
921 pages
37h 16m
English
Pearson India
Content preview from Business Statistics, 3rd Edition
Chapter 4
PB
Measures of Dispersion
135
In case deviation is taken from the median, the above formula can be rearranged as
Median absolute deviation =
=
(
xM
n
id
i
n
1
In case deviation is taken from the mode, the above formula can be rearranged as
Mode absolute deviation =
=
(
xM
n
io
i
n
1
where (),( ),
()
xx xM
xM
iidio
−− are absolute deviations from mean, median, and mode,
respectively, and n is the number of items in a data series.
Mean absolute deviation is an absolute measure of dispersion. In this context, a relative meas-
ure, also known as coef cient of mean absolute deviation, is obtained by the following formula:
Coef cient of mean absolute deviation ...
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Publisher Resources

ISBN: 9789390168996